+1 888 666 4833

Not for dissemination in the United States or through U.S. newswires

INVESTORS NEWS

FOR IMMEDIATE RELEASE

Gatekeeper Systems Announces Closing of $1.97 Million Non-Brokered Private Placement Units Offering

Abbotsford, BC July 28, 2015 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF) announces that it has closed the second and final tranche of its non-brokered private placement offering as announced on July 9 and 24, 2015 (the “Offering”) for gross proceeds of $689,875.  The Company issued a total of 13,139,501 units (the “Units”) in the Offering at a price of $0.15 per Unit, for total gross proceeds of $1,970,925.

Each Unit consists of one common share and one-half of one common share purchase warrant (the “Warrant”).  Each full Warrant is exercisable at $0.25 for a period of 24 months from the date of issue. 

Doug Dyment, President and CEO of Gatekeeper commented, “I am encouraged by the market support for Gatekeeper that has resulted in this oversubscribed offering.  This capital will be important for our Company as we begin to transition our mobile video security products to high definition technology.  In addition, funds will be strategically deployed to expand distribution and product development activities in the body camera and stop-arm camera video enforcement markets, as the Company shifts to a Software-as-a-Service (“SaaS”) recurring revenue business model.”

Proceeds of the Offering will be used to fulfill the Company’s current backlog of orders, support inventory, develop software and products, expand the sales and engineering team and for general working capital.

Finder’s fees in connection with the second tranche totaled $48,796 in cash, plus 325,307 warrants.  Each finder’s warrant is exercisable to acquire one common share at an exercise price of $0.25 for a period of 24 months from the date of closing.

Securities issued pursuant to the Offering are subject to a four-month hold period from the date of the applicable closing, which hold periods expire on November 17 and 28, 2015 for the first and second tranche, respectively.

The Company also notes that the previously reported figures for the first tranche of the Offering have been revised.  The correct figures are:  8,540,333 Units for gross proceeds $1,281,050 (not $1,311,050 as originally announced) and finder’s fees of $83,341 and 555,606 warrants.    

About Gatekeeper Systems Inc.

Gatekeeper provides innovative, end-to-end video safety and security solutions for mobile applications including body cameras, in-car police video systems, school bus video and stop arm camera video enforcement systems, transit bus video systems, and airborne digital recording systems for military applications.

The Company is headquartered in Abbotsford, British Columbia, Canada, and its shares are traded on the TSX Venture Exchange under the symbol “GSI”, and on the OTC Markets under the symbol “GKPRF”.

For more information visit: www.gatekeeper-systems.com

On behalf of the Board,
 
Douglas Dyment
President and Chief Executive Officer
Phone: 1 (888) 666-4833
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
document.getElementById(‘cloak559927e0ae7a84f620156ad084d5e023’).innerHTML = ”;
var prefix = ‘ma’ + ‘il’ + ‘to’;
var path = ‘hr’ + ‘ef’ + ‘=’;
var addy559927e0ae7a84f620156ad084d5e023 = ‘info’ + ‘@’;
addy559927e0ae7a84f620156ad084d5e023 = addy559927e0ae7a84f620156ad084d5e023 + ‘gatekeeper-systems’ + ‘.’ + ‘com’;
var addy_text559927e0ae7a84f620156ad084d5e023 = ‘info’ + ‘@’ + ‘gatekeeper-systems’ + ‘.’ + ‘com’;document.getElementById(‘cloak559927e0ae7a84f620156ad084d5e023’).innerHTML += ‘‘+addy_text559927e0ae7a84f620156ad084d5e023+’‘;

2015-07-28 NR announcing closing of final tranche v4.doc

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

TRANSIT

 

Bus
Rail
SCHOOL BUS

 

FIRST RESPONDERS

 

Police

Ambulance
TAXI

TRANSPORT

 
SERVICE & MAINTENANCE

TRAINING & TUTORIALS

 

G4 Viewer Plus
G4 Viewer Plus – G4 Enterprise – Server Client
MaxLOCATE
LEGACY SUPPORT

 
PRESS & MEDIA

 

Press Releases
Media
CORPORATE

 

Why Gatekeeper?
Stock Information
Financial Reports
Transfer Agent
TEAM

 
INTERIOR CAMERAS

 

TXMW12 IP v3 Camera
MD11 AHD Day / Night Camera
MX12 Camera
S31 AHD 720p Camera
S31 IP v3 Camera

S32 IP v3 Camera

S32 AHD 1080p Camera
S370 Camera
TI252 IP v3 1080p Camera
TW202 IP v3 1080p Camera

CI960 IP v3 Camera

WA11 Wide Angle Camera
Video Display Mirror
Passenger Counting Sensor (PaC30)
G4 VISION

 

CLARITY™

 

EXTERIOR CAMERAS

 

Student Protector Camera System (SP25)
Rear Vision System
TX242 IP v3 1080p Camera
TXM12 AHD Camera
TXM12 IP v3 Camera
TXM11 AHD Camera
TXM700 Camera

360° Surround Vision System (SV12)

360° Surround Vision System (SV12 v3)

Video Display Mirror
ALE™ - AUTOMATED LANE ENFORCEMENT

 

SCHOOL BUS STUDENT PROTECTOR

 
DVR RECORDERS

 

Y35 HD v3
Y35 v3

Y58 v3

508HD4a
Y724
Y816-R
WIRELESS

 

Health Check
Access Points
Mobile Wireless Module
Mobile Wifi System – School Bus
Yard Guard
ITSS™ - INTELLIGENT TEMPERATURE SENSING SYSTEM